The $FORM /USDT pair has been displaying an interesting structure on the 30-minute timeframe. After a strong bullish surge early on—evidenced by the tall green candles—FORM faced a swift correction, forming lower highs and lower lows, suggesting a short-term pullback or consolidation phase. However, the recent strong bullish candle breaking past the minor consolidation zone around $2.18 signals that bulls are regaining control.
Currently priced at $2.2052, it’s pressing against a local resistance near $2.21. If momentum holds, a breakout above $2.2294 (today’s high) could confirm a continuation of the uptrend, potentially targeting the next psychological level around $2.30. Volume is decent, with USDT volume at 2.61M and FORM volume at 1.19M—indicating growing participation.
The key short-term trend is bullish, but it’s sitting at a decision point. A failure to breach the $2.23 area convincingly could invite another retest of the $2.16-$2.18 support zone. Watch for a strong candle close above $2.23 with rising volume to confirm further upside.
